LockTrip

LockTrip is a decentralized open source bookings technology and an integrated marketplace, where hoteliers and property owners can rent their property globally, collect money and manage bookings without paying any commissions to middlemen.

Marketplace – https://alpha.locktrip.com is the place to book your next trip – a hotel, a private property or even part of a private property.

Decentralized platform, built over Ethereum VM, will be open-source and free-to-use by the public.

The marketplace will be web based and integrated to the blockchain

How to Booking Portal With 0% Commissions ?

What problem does LockTrip solve?

LockTrip enters the industry of Online Travel Agencies, dominated by established middlemen like Booking.com and Airbnb.com. Hoteliers and Property owners are forced to use their centralized platforms, paying 10-25% commission.  LockTrip is here to remove this commission and add this value to the customers.

Property owners will receive their rent money using LockTrip (LOC) Tokens in a transparent, secure, trustless and commission-less way. They will be able to transfer their existing property listings with a single click, add new ones using a user-friendly panel, manage all listings and improve sales with in-depth data dashboards and analytics by LockTrip.

Travelers will be empowered to book the same listings but 10-25% cheaper, thanks to blockchain technology, skipping the online travel agencies as current middlemen.

How does LockTrip work?

LockTrip includes 3 key components:

• HTML5 Web platform and iOS/Android mobile App ○ A cross-platform end-user application, allowing easy booking of hotels and private properties.

• Centralized Backend ○ LockTrip backend, keeping records of all listing information and providing insights and analytics for optimization. Easy to use content management system, so property owners can add/manage their property listings on the blockchain

• Decentralized Backend ○ Property listings on the Ethereum blockchain, containing secured, trustless rules for payment and commitment, allowing all traditional models like non refundable, refundable, deposit guarantees etc. Adding new ones like incentives in LOC tokens for users to leave ratings and reviews.

Source : https://locktrip.com/#project